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Big V Property Group Acquires Retail Property In San Antonio For $219.7M

Property Image
SOLD
$219,700,000

Texas

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Retail1,042,000 SF
Sold 01/27/2021
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Property Image
SOLD

Big V Property Group Acquires Retail Property In San Antonio For $219.7M

17703 La Cantera Parkway

See Similar Deals
Retail1,042,000 SF
Sold 01/27/2021
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$210
Total Square Footage:1,042,000 SF
Transaction Type:Sale

The retail property located at 17703 La Cantera Parkway in San Antonio was recently sold for a price of $219,700,000. The transaction took place on January 27, 2021, and the property spans a total area of 1,042,000 square feet, resulting in a price per square foot of $211. The buyer of the property was Big V Property Group, represented by Jeffrey Rosenberg.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $219,700,000
  • Address: 17703 La Cantera Parkway
  • Market: San Antonio
  • Buyer: Big V Property Group - Jeffrey Rosenberg
  • Brokers: JLL
  • Square Footage: 1,042,000
  • Price per Square Foot: $211

JLL served as the brokers for this transaction. This sale represents a significant investment in the San Antonio retail market and highlights the confidence of the buyer, Big V Property Group, in the potential of this property. The involvement of Jeffrey Rosenberg from Big V Property Group further reinforces their commitment to the transaction. This sale further strengthens the position of both the buyer and the seller in the retail real estate market.

Players

Jeffery Rosenberg
5 deals$410.7M volume
BUYER

Details

SOLD
IMAGE: Jeffrey Rosenberg DATE: 01/27/2021 ADDRESS: 17703 La Cantera Parkway MARKET: San Antonio ASSET TYPE: Retail BUYER: Big V Property Group - Jeffrey Rosenberg BROKERS: JLL SALE PRICE: $219,700,000 SF: 1,042,000 ~ PPSF: $211

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$780,547.70
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